https://www.taxtmi.com/caselaws?id=262490 The ITAT Kolkata ruled in favor of the assessee, directing the AO to allow the balance 50% additional depreciation under section 32(1)(iia) of the Income-tax Act. Additionally, the ITAT upheld the CIT(A)'s decision to limit the disallowance of 1% of exempt income to the dividend income, partially allowing the appeal of the assessee on both issues. en-us Wed, 14 Jan 2015 00:00:00 +0530 Wed, 12 Aug 2015 06:51:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262490 The ITAT Kolkata ruled in favor of the assessee, directing the AO to allow the balance 50% additional depreciation under section 32(1)(iia) of the Income-tax Act. Additionally, the ITAT upheld the CIT(A)'s decision to limit the disallowance of 1% of exempt income to the dividend income, partially allowing the appeal of the assessee on both issues. Case-Laws Income Tax Wed, 14 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262490